Ravi Morisetty & Online Business Ideas For College Students

Ravi Morisetty & Online Business Ideas For College Students Ravi Morisetty is an enthusiastic medical entrepreneur. He runs a successful pharmacy business and has years of experience in running the business successfully in the physical market and online global market as well.

The time is changing rapidly, and being a responsible businessman, he feels that every individual should plan for a business venture during their college day only. It establishes the foundation for a business idea that can turn into a successful business venture. Being specific about the business idea and concept is far most important.

During our college, we have energy, a positive attitude, the latest learnings, fewer responsibilities on our shoulders and a futuristic vision too. These characteristics can be utilized properly to introduce a new profitable business in the market.

Though, it is of utmost importance to analyze, plan, and strategize for the chosen business idea before executing it physically in the market.

Find All The Prospective Business Ideas Student life is the most productive and innovative one as you can think of multiple business ideas based on your interests, ideas, knowledge, information, innovation, perceptions, cultural behaviors, and societal factors.

One can think of various new business ideas and ink them on paper to work on the basic structure of that particular business. During your college days, your mind stays away from the practical challenges of life. And that is the right time when you can write your business journey.

Therefore, work on finding all the possible prospective business ideas. If you are a student of medicine, then you can think of various innovative online business ideas.

Process For Chosing The Right One After finding all the possible business ideas, you need to follow the process to choose the right business idea out of all.

Compare all the internal and external factors affecting your business to launch and grow in the market.

Decide on the seed capital requirements and other expenses involved to run the business.

Find out the market size for your online business idea and its customer base.

Do some serious market research about the existing competitors of the business in the global market.

Once you have analyzed every factor responsible for the growth of your business, select the best matching business idea.

Why Is It Necessary To Workout An Online Business For College Students Today?

We are living in an era where competition is high in every business domain. And entering a business late can raise several competitive challenges for you. Therefore, if a student decides to have a business venture, and if you can work on it during your college days, you can make an early entry into the business market. It will not only give you an add-on advantage, but you will also have ample time to experiment.

For example, in the pharmacy business, you can find perfect competition market worldwide. But an early business execution plan can give you a good start against the others.

Benefits Of Working Out An Online Business In College Life ● During our college days, we do have lots of free time that we can utilize in planning for a business apart from our studies. ● Govt. provides additional support to the students for opening up a small-scale business under MSME. ● We have a wider network and groups of the young generation that can help to grow the business. ● Having a business during college life will give you the confidence to build up a strong business empire in the next ten years.

● You can build your brand image and product market early. ● Today, you can come up with any business idea and that can be promoted online over a night. ● Starting a new business through an online platform may reduce the cost involved initially. ● You can connect with other business giants for business collaboration and trading. ● You can run your business through a virtual office by developing a business website. ● Online marking and promotion are quite cost-effective.

Challenges ● The biggest challenge for opening a business during college life would be a lack of confidence, market knowledge, and required market experience. ● You may face initial funding issues and arrangement of seed capital problems. ● It may divert your focus from academic performance. ● The success of that business will be based on assumptions only. ● The big players in the same business industry would give you bigger challenges.

Business Success Is Assured In the long-run business, success is assured, if you plan it during your college days. Based on your academic knowledge and internet application skills, you can plan for a new business. But you must not expect any profits out of your business idea initially.

Though, being a youngster and an enthusiast, you can do much better than any other businessman.

You need to have a long-term business plan to sustain it for a very long time. Sooner or later, it will start giving you benefits.

Medical Pharmacy As The Best Business Idea The medical and Science industry came up as a surprisingly productive one out of all the other business industries in the world. During the lockdown 2020, mostly medical pharmacies were

open and had good business. Many pharmacists earned supernatural profits during the lockdown and post lockdown as well.

Every pharmacist had switched to an online platform for selling medicines and medical tools.

They started giving dedicated home deliveries of the medicines people purchased during that period.

And now online business has become one of the most popular ways of doing business with global clients and getting connected with mass audiences.

Conclusion Every student has great potential for coming up with a unique business idea. You just need to innovate things that you see, use, or experience. Entering early into the business world would give you various favorable advantages.

You should plan for a small-scale business during your college days and give your contribution to the global business world like the famous pharmacist “Ravi Morisetty”.